The simplest form for a businesses to take is:

Group of answer choices

C-Corporation

Limited Liability Company

Sole Proprietorship

S-Corporation

Flag question: Question 2

Question 21 pts

A sole proprietorship is subject to double taxation.

Group of answer choices

True

False

Flag question: Question 3

Question 31 pts

The document one uses to start a Limited Liability Company are/is

Group of answer choices

By-laws

Articles of Incorporation

Articles of Organization

Operating Agreement

Flag question: Question 4

Question 41 pts

The biggest difference between a sole proprietorship and a Limited Liability Company is the individual liability of the owner(s).

Group of answer choices

True

False

Flag question: Question 5

Question 51 pts

The owners of a corporation are:

Group of answer choices

The directors

The shareholders

The officers

The members

Flag question: Question 6

Question 61 pts

An S-Corporation is similar to a C-Corporation in that it is its own entity formed to do business.

Group of answer choices

True

False